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12502 Coal Mine Rise San Antonio, TX 78245

4 Beds 4 Baths 2,394 sqft Built 2013

$280,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $116.96
  • 6 Days on Market
  • MLS # : 1514501
  • Updated Date : 03/17/2021 at 00:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,394 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Legacy

Listing Agent's Description

Welcome Home!. This Move In Ready 4BR, 3.5BTH home is located in the well sought out Weston Oaks subdivision.Great curb appeal. Beautiful upgraded decorative front door leading to an inviting foyer with an open floor plan. Natural light throughout home. Ceramic tile flooring on the first floor. Gorgeous granite kitchen counters with 42inch cabinets.Eat in kitchen. High ceilings with beautiful ceiling fans. Separate dining and spacious family room. All bedroom up with second master suite. Sizable loft/game room up. Large master suite with double vanities and separate shower and soaker tub. Large walk-in closet. Welcoming back yard with cover patio, paver patio with sizable pergola. Privacy fence with mature trees in front and backyard. Two car garage with water softener(owned) Northside schools

SEE MORE

MARKET HIGHLIGHTS

  • Five Fortune 500 companies are headquartered in San Antonio: Valero Energy; Tesoro; United Services Automobile Association (USAA); CST Brands; and iHeart Media (Formerly CC Media Holdings).
  • The metro employment growth is at 2.3 per cent and predicted to be at 2.2% in 2019 (USMayors.org, 2018)
  • San Antonio metro has 60.7 percent labor force participation rate (USMayors.org, 2018)
  • The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Lieck Elementary School Primary Regular 697 42 6
Luna Middle School Middle Regular 1,242 70 6
Brennan High School High Regular 2,455 137 7

Lieck Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 42
6
GreatSchools Rating

Luna Middle School

  • Education Level: Middle
  • # of students: 1,242
  • # of teachers: 70
6
GreatSchools Rating

Brennan High School

  • Education Level: High
  • # of students: 2,455
  • # of teachers: 137
7
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$973
Property Tax -$625
Property Insurance -$165
Property Management Fees -$99
CASH FLOW
-$122

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$280,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,819

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,740

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,849

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,7753$1,8504$1,9005$1,900
$1,900
RENT COMPS ANALYSIS
  • 12502 Coal Mine Rise San Antonio, TX 1
    • 4 beds 4 baths ∙ 2,394 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,394 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.73
    •  
  • 518 Fort Pena San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 2013
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.74
    •  
  • 450 Tequila Ranch San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 2011
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.77
    •  
  • 12223 Coal Mine Rise San Antonio, TX 4
    • 4 beds 4 baths ∙ 2,363 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,363 Sqft ∙ Built 2016
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.80
    •  
  • 12610 Ponder Ranch San Antonio, TX 5
    • 4 beds 4 baths ∙ 2,422 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,422 Sqft ∙ Built 2017
    property image
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
PROPERTY LISTING DETAILS
Sheba Chambers-ramos
1.210.860.1779
Keller Williams Legacy
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1514501
Last Updated: 03/17/2021
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